AI is slowly gaining a foothold in the realm of corporate boardrooms given its predictive capabilities that can facilitate more transparent decision-making, mitigate pressures of succession planning, warn the board about threats of hostile takeovers, and such like.
The role and impact of artificial intelligence (AI) in businesses is growing exponentially. However, from the vantage point of companies’ boardroom, it might still be considered the least harnessed revolution which has the greatest impact on enterprises today.
For most companies, AI has permeated into their business models, products, and services devoid of any intervention from the senior management. Almost 60% of organisations are presently working to include AI in their offerings. Be it in finance, retail, transport, or any other industry for that matter, AI is making inroads at every juncture possible.
Alok Bansal is Managing Director of Visionet Systems Inc. and has 21 years of experience in managing strategy and global BPO operations. He excels in optimizing and leading the growth of financial services companies who are looking to take their mortgage operations to the next level.